Mr. Cooper Forecasts a Break-Even 2Q, Excluding MSR Marks… June 2, 2022 Paul Muolo The nonbank revealed it anticipates “roughly break-even net income” for the second quarter, excluding potential mark-to-market gains on its massive MSR holdings...Read More
Slip Sliding Away: Mortgage Application Volume June 1, 2022 Paul Muolo The refi share in the latest measurement came to 32.3%...Read More
FHA/VA Endorsements Down Nearly 20% in First Quarter May 31, 2022 Andras Malatinszky The decline in both lending programs was focused on refinances.Read More
Credit Quality Suffers as Originations Plunge May 23, 2022 Andras Malatinszky As mortgage originations declined in the first quarter of 2022, lenders loosened underwriting standards.Read More
A Rare Decline in MBS Holdings for Banks, Thrifts May 20, 2022 John Bancroft Fun fact: Banks continued adding MBS to their portfolios even though they had to write down the value for most of their holdings.Read More
Expanded-Credit Mortgages Defy the Odds, Showing Growth in 1Q May 19, 2022 John Bancroft Since the beginning of 2021, $40.25 billion of ECM mortgage-backed securities have come to market...Read More
New loanDepot Chief Spends Six Figures on Company Stock May 19, 2022 Paul Muolo The shares reside in a family trust that carries the Martell name.Read More
Applications Skid 11% but Some Shops Beat the Odds May 18, 2022 It was the first negative reading from the trade group in three weeks.Read More
Jumbo Servicing Balances Up Slightly in 1Q22 May 18, 2022 Brandon Ivey JPM's jumbo servicing portfolio declined 2.6% to $199.42 billion during the first quarter...Read More
Purchase Mortgages Prop Up Ginnie Issuance in April May 17, 2022 Monica Hogan In April, the top three GNMA issuers were PennyMac Financial, Freedom Mortgage and Rocket Mortgage...Read More
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